Industrial Boilers: Technologies and Developing Markets

The global market for industrial boilers reached $9.9 billion and $10.4 billion in 2014 and 2015, respectively. This market is expected to increase from nearly $11.0 billion in 2016 to nearly $14.6 billion in 2021 at a compound annual growth rate (CAGR) of 5.8% for 2016-2021.Steam industrial boilers market is expected to grow from nearly $10.2 billion in 2016 to nearly $13.6 billion in 2021 at a CAGR of 5.9% from 2016 through 2021.Hot water industrial boilers market is expected to grow from $788 million in 2016 to $999 million at a CAGR of 4.9% from 2016 through 2021.